The global MDF and chipboard market revenue was around US$ 70.1 billion in 2023 and is estimated to reach US$ 134.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2032.

Medium-density fiberboard, known as MDF, is an engineered wood product prepared by binding wood fibers, usually acquired from hardwood or softwood residuals, with adhesives and synthetic resins under high pressure and temperatures. Chipboard is a particleboard, an engineered wood composite formed via the amalgamation of wood chips, particles, or flakes with a binding adhesive under pressure and heat.

Factors Influencing Market Growth

- The MDF and chipboard market has seen significant growth over the past decade because of the growth in several construction projects.

- The growth of the furniture industry and the advantages related to MDF and chipboard will boost the growth of the MDF and chipboard market.

- The rise in shipping and packaging has formed growth opportunities for the MDF and chipboard market.

Impact of COVID-19

The MDF and chipboard industry has seen different obstructions in its regular functions due to the COVID-19 pandemic. The travel restrictions and lowdowns charged to restrain the spread of the virus directed to supply chain disturbances. Manufacturers encountered problems in sourcing the raw materials that are required for manufacturing MDF and chipboard. Uncertainties in shipments and logistical blockages concerned the timely delivery of the MDF and chipboard, contributing to project waits and lowered functional efficiency.

Regional Analysis

In 2023, Asia-Pacific dominated the global MDF and chipboard market in terms of revenue and is anticipated to grow at a higher growth rate during the forecast period. The Asia-Pacific region has encountered rapid urbanization, with the rise in population shifting to urban places. This surge in urban living propels the demand for infrastructure, affordable housing, and furniture, all of which heavily depend on the MDF and chipboard for their cost-effectiveness and adaptable applications.

Leading Companies

The leading prominent companies profiled in the global MDF and chipboard market are: -

- AGT Agac Sanayi ve Ticaret A.S.
- Arauco and Constitution Pulp Inc.
- Arkopa Ahsap Panel San. A.S.
- ARPA INDUSTRIALE S.p.A. (FENIX)
- Boyut Plastik
- Century Plyboards (India) Ltd
- CLEAF S.P.A.
- Dare Panel Group Co., Ltd.
- Egger Holzwerkstoffe GmbH
- Gizir Wood Products
- Greenpanel Industries Limited
- GRUPO ALVIC FR MOBILIARIO, S.L.
- Isik Ahsap
- KAP Ltd.
- KAREBANT A.S.
- KASTAMONU ENTEGRE A.S
- Korosten MDF Manufacture
- Kronospan Limited
- M. KAINDL GmbH
- Meva Ahap
- Mobelkant
- Portakal Ahap retim Paz.Ltd. ti
- Saviola Holding srl
- Swiss Krono
- West Fraser Timber Co. Ltd.
- Yildiz Entegre
- Other prominent key players

Segmentation Outline

The global MDF and chipboard market segmentation focuses on Application, End User Industry, Product Type, and Region.

Segmentation based on Application

- Cabinet
- Flooring
- Furniture
- Molding, Door, and Millwork
- Packaging System
- Others

Segmentation based on End User Industry

- Residential
- Commercial
- Institutional

Segmentation based on Product Type

- MDF
- Standard MDF
- Moisture Resistant MDF
- Fire Resistant MDF
- Chipboard
- Edgeband

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa